TITLE 30. TRADE AND COMMERCE

CHAPTER 2A. UNIFORM COMMERCIAL CODE LEASES

Part 2. Formation and Construction of Lease Contract

Formation In General

30-2A-204. Formation in general. (1) A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties that recognizes the existence of a lease contract.

(2) An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.

(3) Although one or more terms are left open, a lease contract does not fail for indefiniteness if the parties have intended to make a lease contract and there is a reasonably certain basis for giving an appropriate remedy.

History: En. Sec. 19, Ch. 410, L. 1991.